10 March 2022
The Solicitors Regulation Authority (SRA) has updated its guidance for firms to ensure that they are adhering to the government’s recent sanctions on both Russian nationals and organisations as a result of the ongoing Ukraine conflict
Lexis®Library update: The SRA states in the guidance that it is to carry out spot checks to assess firms' compliance with the financial sanctions regime.
This update follows a reminder issued to law firms by the SRA stressing the importance of sanctions compliance, following the UK government’s move to impose new financial sanctions on Russia.
Source: Financial sanctions and Russia – update
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 9 March 2022 and is published with permission. Further information can be found at: https://www.lexisnexis.co.uk/
